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A company's profit margin this past year was 25%.It has no debt.In order for ROE to equal 16% its Turnover Ratio must have been (not

A company's profit margin this past year was 25%.It has no debt.In order for ROE to equal 16% its Turnover Ratio must have been (not in %):

a).04

b).25

c).4

d).64

e)1.5625

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